Willamette Valley Vineyards, 5.30% Series A Cumulative Red Preferred Stock (WVVIP)
NCM · Preferred · CUSIP 969136209
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Security Details

Coupon Rate
5.30%
Liquidation Preference
$4.15
Call Price
$4.15
Call / Redemption Date
6/1/2021
Maturity Date
None
Distribution Period
A
Rate Type
Fixed
Annual Distribution
0.22
Distribution Dates
Annually in December
Credit Ratings
Moody's NF · S&P NF (6/15/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Traditional Preferred Stock »
CUSIP
969136209
Market Cap
Micro Cap
IPO
$4.15/share
Parent Company
Willamette Valley Vineyards, Inc. (WVVI)
Business: Willamette Valley Vineyards, Inc.,5.30% Series A Cumulative Redeemable Preferred Stock, liquidation preference $4.15 per share, redeemable at the issuer's option on or after 6/1/2021 at $4.15 per share plus accrued and unpaid dividends plus a redemption premium equal to 3% of the original issue price, and with no stated maturity. <p> Cumulative distributions of 5.30% per annum will be paid to holders of record on the record date fixed by the board. If dividends are declared and paid, such declaration will occur annually in the month of November. If declared, the dividend record date and payment will be in December (NOTE: the ex-dividend date is one business day prior to the record date). <p> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: This offering relates to the proposed issuance and sale of up to 970,588 shares of our Series A Redeemable Preferred Stock. The securities are being offered directly by the Company through its officers, none of whom will be compensated for their selling efforts. These securities will be issued in up to four offering periods, which will close on each of March 31, 2016; June 30, 2016; September 30, 2016; and December 31, 2016.

Company Contact

CEO
Mike Osborn
CFO
John A. Ferry
Headquarters
8800 Enchanted Way SE, Turner, OR 97392
Phone
503-588-9463 · Toll-Free 800-344-9463
Fax
503-588-8894
Investor Relations
503-588-9463 · info@wvv.com
SEC EDGAR Filings
View filings »